Thread: Usd/Cad
pair- usd/cad
chart analysis time frame- h1
the price is falling down side from the resistance at 1.0984 and break the support of the moving average. the stoch indicator is also showing oversold and price at fibo 38.2 level. here its again up side so make long entry with stop loss below the 1.0900 and take profit at the 1.0995
good luck
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analysis for today 8 / 21 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.0956
Retracement (50%) 1.0952
retracement (61,8%) 1.0947
Extensions (61.8%) 1.0997
Extensions (100.0%) 1.1013
Extensions (138.2%) 1.1029
Extensions (161.8%) 1.1038
calculation based on a Fibonacci retracement then today I choose buy
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analysis for today 8 / 21 / 2014
USD/CAD
Resistance : R1 1.1039 R2 1.1064 R3 1.1084 R4 1.1114
Support : S1 1.0906 S2 1.0881 S3 1.0861 S4 1.0831
Open : 1.0968
High : 1.0981
Low : 1.0964
Range : 17 Pips
Running Price : 1.0981
Strategy : BUY at the level 1.0981 stop loss at the level 1.0906 target take profit at the level 1.1084 or at the level 1.1114
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analysis for today 8 / 21 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 8 / 20 / 2014
OPEN 1.0941
HIGH 1.0972
LOW 1.0931
CLOSED 1.0969
The third resistance (R3) 1.0972 -( 1.0957 - 1.0931 = 0.0026 x 2 = 0.0053 )= 1.1025
The second Resistance (R2) 1.0957 + 1.0972 - 1.0931 = 1.0998
First resistance (R1) 1.0957 x 2 = 2.1915 - 1.0931 = 1.0984
pivot points 1.0972 + 1.0931 + 1.0969 = 3.2872 / 3 = 1.0957
Support for the first (S1) 1.0957 x 2 = 2.1915 - 1.0972 = 1.0943
Support second (S2) 1.0957 -( 1.0972 - 1.0931 = 0.0041 ) = 1.0916
Third Support (S3) 1.0931 -( 1.0972 - 1.0957 = 0.0015 x 2 = 0.0029 )= 1.0902
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Trading analysis for 21st August, 2014. In Daily chart USDCAD shows bullish trend. At present USDCAD touches the 1st resistance level. If it breaks then it goes to the next strong resistance level that is 1.10521.
Pivot: 1.09575
Resistance levels
R1 1.09840
R2 1.09990
R3 1.10255
R4 1.10521
Support levels
S1 1.09425
S2 1.09160
S3 1.09010
S4 1.08861
Last edited by achyut; 2014-08-22 at 10:38 AM.
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analysis for today 8 / 20 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.0924
Retracement (50%) 1.0917
retracement (61,8%) 1.0909
Extensions (61.8%) 1.0987
Extensions (100.0%) 1.1011
Extensions (138.2%) 1.1035
Extensions (161.8%) 1.1050
calculation based on a Fibonacci retracement then today I choose buy
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analysis for today 8 / 20 / 2014
USD/CAD
Resistance : R1 1.1011 R2 1.1036 R3 1.1056 R4 1.1086
Support : S1 1.0867 S2 1.0842 S3 1.0822 S4 1.0792
Open : 1.0941
High : 1.0942
Low : 1.0936
Range : 6 Pips
Running Price : 1.0940
Strategy : SELL at the level 1.0940 stop loss at the level 1.1011 target take profit at the level 1.0822 or at the level 1.0792
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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analysis for today 8 / 20 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 8 / 19 / 2014
OPEN 1.0886
HIGH 1.0948
LOW 1.0885
CLOSED 1.0940
The third resistance (R3) 1.0948 -( 1.0924 - 1.0885 = 0.0039 x 2 = 0.0079 )= 1.1027
The second Resistance (R2) 1.0924 + 1.0948 - 1.0885 = 1.0987
First resistance (R1) 1.0924 x 2 = 2.1849 - 1.0885 = 1.0964
pivot points 1.0948 + 1.0885 + 1.0940 = 3.2773 / 3 = 1.0924
Support for the first (S1) 1.0924 x 2 = 2.1849 - 1.0948 = 1.0901
Support second (S2) 1.0924 -( 1.0948 - 1.0885 = 0.0063 ) = 1.0861
Third Support (S3) 1.0885 -( 1.0948 - 1.0924 = 0.0024 x 2 = 0.0047 )= 1.0838
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Trading analysis for 20th August, 2014. In Daily chart USDCAD shows bullish trend. At present the price is above the pivot point and going towards the 1st resistance level. If 1st resistance level breaks then next strong resistance level is 1.10658.
Pivot: 1.09245
Resistance levels
R1 1.09638
R2 1.09872
R3 1.10265
R4 1.10658
Support levels
S1 1.09011
S2 1.08618
S3 1.08384
S4 1.08150
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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analysis for today 8 / 19 / 2014
USD/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.0889
Retracement (50%) 1.0886
retracement (61,8%) 1.0883
Extensions (61.8%) 1.0913
Extensions (100.0%) 1.0922
Extensions (138.2%) 1.0931
Extensions (161.8%) 1.0937
calculation based on a Fibonacci retracement then today I choose buy
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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